SET50 Index Futures Price Trend
Swinging, following the results of the ECB meeting tonight
Factors affecting SET50
The Dow Jones closed up 48 points (+0.15%) yesterday at 31,874 on strong buying in technology stocks. and firms with strong earnings, such as Netflix and Disney, which reported higher-than-expected earnings. On the other hand, WTI oil prices for August delivery closed down 1.96 (1.9%) US dollars/barrel to close at 102.26 US dollars/barrel. Gasoline stocks rose by 3.5 million barrels, higher than market expectations for a rise of 400,000 barrels. Nord Stream 1 pipeline was reported to have returned natural gas to Europe. but below 160 million cubic meters per day Which is the level of gas transmission at full potential. Prof. (Jul 21) reported 2,617 new cases, 2,318 recoveries and 23 additional deaths. The direction of the baht. /The dollar returned to its latest drop to 36.74.
medium term trend
Medium term, S50U22 is expected to move upward. Short-term more negative after standing above 950. Assess support. 937/928/913/903/890 and resistance 950/962/970/980 If it cannot stand above 928, it may swing down to the next support 913/903, but if it can stand above 928, it may swing up to test the next resistance at 937/950/962/970
It is recommended to open a long contract S50U22 at 928 support and close a position at resistance. 937/950 with stop loss at 923
For those who opened a long contract S50U22 at support 928 last Tuesday. may have closed position at 937
Factors to follow in the short term
The European Central Bank (ECB) meeting is expected to rise by 0.25% to 0.25%.
SET50 short term futures trend (intraday)
Yesterday, the S50U22 moved upward. It bounced back to a high of 942.0, swayed down to a low of 933.5 and closed at 934.3, with S50U22 falling more strongly than the index, making the Basis between S50U22 and SET50 at -7.66 points (Fair Basis contract S50U22 and S50Z22 are on. at -7.97 and -7.02 points)
Assess the contract S50U22 may swing, if it stands above 930, it may swing up to test the 935/940 resistance.
Strategies for Intraday Trading
It is recommended to open a long contract S50U22 at 930 and close a position at resistance 935/940 with a stop loss at 925.
For those who opened a long contract S50U22 at 934 yesterday, it is recommended to close the position at resistance 935/940 with a stop loss at 929.